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MarketScreener Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

BOEING COMPANY (THE)

(BA)
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Delayed Quote. Delayed Nyse - 07/17 04:00:39 pm
369.52 USD   +1.87%
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Cobham takes £160 million charge to settle Boeing dispute

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02/19/2019 | 02:59am EDT
FILE PHOTO: The Boeing logo is pictured at the LABACE fair in Sao Paulo

LONDON (Reuters) - British engineer Cobham will take an additional exceptional charge of 160 million pounds to settle a dispute with Boeing over its delayed KC-46 aerial refuelling programme, it said on Tuesday.

Cobham, Britain's third-biggest defence and aerospace group behind Rolls-Royce and BAE Systems, said the charge comprised 86 million pounds relating to settlement of the dispute and 74 million pounds of additional costs to complete the retained KC-46 contract.

Known for its air-to-air refuelling technology, Cobham had been in recovery mode since a string of profit warnings forced it into a rights issue in 2017.

In 2018 that recovery was disrupted by a 40 million pound charge over problems with the Boeing refuelling programme, prompting a 10 percent drop in its share price on the day.

Boeing, the world's largest planemaker, had withheld payments over delays.

Cobham said on Tuesday the two sides had now settled the dispute. The Wing Aerial Refuelling Pod programme is now expected to complete around the middle of 2020, with associated flight tests expected to start in the first half of 2019.

The 74 million pounds reflects the costs of the revised schedule and the risks of getting it completed.

(Reporting by Kate Holton; Editing by Alistair Smout and David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 1.87% 369.52 Delayed Quote.12.48%
COBHAM PLC -0.38% 117.85 Delayed Quote.20.60%
ONE STOP SYSTEMS INC -5.38% 1.76 Delayed Quote.-9.28%
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Financials (USD)
Sales 2019 96 617 M
EBIT 2019 10 807 M
Net income 2019 9 057 M
Debt 2019 10 373 M
Yield 2019 2,15%
P/E ratio 2019 23,8x
P/E ratio 2020 14,6x
EV / Sales2019 2,26x
EV / Sales2020 1,76x
Capitalization 208 B
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Technical analysis trends BOEING COMPANY (THE)
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 422,91  $
Last Close Price 369,52  $
Spread / Highest target 35,3%
Spread / Average Target 14,4%
Spread / Lowest Target -18,8%
EPS Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Corporate Development & Strategy
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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AVIC ELECTROMECHANICAL SYSTEMS CO LTD--.--%3 540